PUBLISHER: SkyQuest | PRODUCT CODE: 1859467
PUBLISHER: SkyQuest | PRODUCT CODE: 1859467
Global Pet Boarding Market size was valued at USD 8.9 billion in 2023 and is poised to grow from USD 9.68 billion in 2024 to USD 19.01 billion by 2032, growing at a CAGR of 8.8% during the forecast period (2025-2032).
The global pet boarding market is experiencing significant growth, fueled by evolving social and demographic trends. Increasing pet ownership, particularly among younger generations who view pets as family and prioritize their care, is a primary driver. Urbanization and the rise of nuclear families contribute to demanding lifestyles, creating a need for dependable pet care solutions during owners' absences. The trend of pet humanization is intensifying demand for enhanced services like grooming, group play, and wellness programs, transforming conventional boarding into comprehensive pet care experiences. Additionally, digitalization facilitates convenient online bookings, further boosting market accessibility. Growing awareness of animal welfare and strong marketing efforts from local and private organizations enhance trust in pet boarding facilities, while regional variations in perceptions of pet ownership can influence market dynamics positively.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Pet Boarding market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Pet Boarding Market Segments Analysis
Global Pet Boarding Market is segmented by Service, Pet Type and region. Based on Service, the market is segmented into Short-Term Boarding, Long-Term Boarding, Daycare, Training Services, Grooming Services and Other Specialized Care. Based on Pet Type, the market is segmented into Dogs, Cats, Small Mammals, Birds, Reptiles, Fish and Exotic Pets. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Pet Boarding Market
A key market driver for the Global Pet Boarding Market is the rising trend of pet ownership and the growing humanization of pets. As more households adopt pets as integral family members, pet owners are increasingly seeking high-quality care services that ensure their animals' well-being in their absence. This relationship between humans and pets fosters a demand for reliable pet boarding options that offer safety, comfort, and personalized care. Additionally, the busy lifestyles of pet owners, including work commitments and travel, further drive the need for professional boarding facilities, facilitating a thriving market for pet care services globally.
Restraints in the Global Pet Boarding Market
One significant market restraint for the global pet boarding industry is the increasing availability of alternative pet care options, such as pet-sitting services and in-home care, which offer convenience and personalized attention for pet owners. These alternatives often allow pets to remain in the comfort of their own homes, reducing stress for both pets and their owners. Additionally, the rising cost of pet boarding services may deter budget-conscious pet owners, particularly during economic downturns. As consumer preferences shift towards more flexible and affordable solutions, traditional boarding facilities may face challenges in maintaining their market share.
Market Trends of the Global Pet Boarding Market
The Global Pet Boarding market is increasingly characterized by a shift towards premiumisation and luxury services, reflecting evolving consumer preferences. Pet owners are seeking high-quality, hotel-like experiences for their pets, driving demand for upscale offerings such as luxury suites, spa treatments, gourmet meals, and personalized behavioral enrichment activities. This trend is prompting providers to differentiate themselves in a competitive landscape by enhancing their service portfolios and creating unique experiences that elevate the pet care experience. As a result, businesses are witnessing an uptick in average spending per stay and fostering brand loyalty, particularly in urban and affluent markets.